CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

On January 31, Caixin reported that Su Jingliang—a 46-year-old Chinese national from Beijing—was sentenced to 46 months in prison and ordered to pay up to $26.87 million (roughly RMB 187 million) in compensation for his involvement in a pump-and-dump telecom fraud scheme tied to over $36.9 million in money laundering. Earlier, U.S. authorities took down a multinational scam and money laundering ring that built trust with victims through social media or dating apps, then lured them to a fake cryptocurrency trading platform for supposed "investments." Funds from 174 American victims flowed into accounts of 74 registered U.S. shell companies, which were immediately converted to the stablecoin USDT upon receipt. Su played a key "CFO" role in the fraud chain: he communicated with Deltec Bank employees via the encrypted messaging app Telegram, received funds from U.S.-based front-end shell companies, directed the bank to swiftly convert incoming dollar assets to USDT, and sent the stab

On January 31, Benjamin, co-founder of stablecoin project Cap, stated that CAP will not run a token airdrop. Instead, the project will incentivize users of the Frontier project by distributing stablecoins through a "Stabledrop." The sole way to obtain CAP will be via the upcoming public sale, with public sale participants making up nearly 100% of the circulating supply at TGE (Token Generation Event).

January 31 — Jupiter announced the launch of **Jupiter Global**, its new global on-chain real-world payment feature, with key highlights below: - **On-chain QR code payments**: Accepted at merchants across the Asia-Pacific region, with 0% transaction fees, instant settlement, and powered by local payment channels. - **Global fiat remittance**: Virtual accounts for USD, GBP, and EUR; supports SWIFT transfers to over 200 countries/regions, plus fast local payments in 15+ currencies. - **Jupiter Card**: A premium cryptocurrency credit card accepted at over 150 million merchants for USDC payments. ### Notes on American English adjustments: 1. Used an em dash (`—`) for date separation (common in U.S. news). 2. Replaced "high-end" with **premium** (more natural for U.S. consumer/tech language). 3. Swapped "handling fee" for **transaction fee** (standard U.S. finance terminology). 4. Changed "instant arrival" to **instant settlement** (more precise for payment context). 5

**January 31st** On-chain analyst Blockchain Auntie (@ai_9684xtpa) notes that an ETH whale who converted 4-year-old holdings into WBTC has now swapped $9.06 million worth of WBTC back to WETH. Over the past 20 minutes, the whale sold 109.61 WBTC at an average price of $82,494.79, then bought 3,437.09 WETH at an average of $2,637.62. Previously, the whale first swapped to gain 6.45% on their ETH holdings. In the second swap, they netted 9.26 WBTC—roughly $810,000.

**January 31** Per Solana Floor, Jupiter revealed that claiming its Q4 Active Stake Reward (ASR) requires users to import their mnemonic phrase into the Jupiter wallet. Community feedback has criticized this requirement, noting that forcing users to export their mnemonic phrase for a small reward is insecure, unnecessary, and excludes those using keyless or custodial wallets. In response to the backlash, Jupiter stated it plans to roll out additional claiming options within one to two weeks.